. - you have 5% or less down so hopefully you're qualifying for a 1 unit or single family residence (SFR)/ condo because conventional in "general," cannot lend to 2-4 unit properties as a primary residence with that low of a down payment.

The points and interest is high (12% and 4-5 pts) but I actually think is safer then a bank that wants to collateralize all your assets including your primary home and can call your loan at any time for no fault on your part.If you use a lender, talk to Columbia, Coastal or Whidbey.

My kids are a bit younger 4 and 2 but they're my primary motivation.

Asian cash buyers have inflated the RE in primary markets.

That old house is my only paid in full house (my first primary residence).

My primary interest is in the Richfield, Bloomington area and South of the River.I do have some wholesale deals available a few times a year.

If you read Million Dollar Agent, Gary Keller emphasizes obtaining listings as the primary focus to building your practice. 

Using as a primary residence once the rehab is finished.

Not a lawyer or anything, so I'm sure someone else can explain more on differences if you have a chance of life event or something, but this is is straight from the 92900B that you will sign in an FHA purchase loan:"Do not falsely certify that a property will be used for your primary residence when you are actually going to use it as a rental property""Penalties for Loan Fraud: Federal laws provide severe penalties for fraud, misrepresentation, or conspiracy to influence wrongly the issuance of mortgage insurance by HUD.

Really, there are 2 primary models (I'm sure someone will disagree with me here, and that's ok!)